Reading the “Tea Leaves” on Sanibel’s Real Estate Market

I enjoy “market stats” and hope this information benefits you. We are active on Sanibel, Captiva, and Fort Myers, but these statistics apply only to Sanibel as of 2/26/2018

Sanibel Condos

Sold going back 1 year: 137

Average Price: $719,177

List to Sell Percentage: 95%

Average Days on Market: 172 days

Sold Condos going back 2 years: 138

Average Price: $746,278

List to Sell Percentage: 95%

Average Days on Market 219 days on market So……….working with “average numbers”…..very similar unit sales, similar negotiation spread but a lower average price of 3.4%* This decrease is influenced by a greater number of lower priced sales versus more expensive units.

Sanibel Homes

Sold going back 1 year: 195

Average Selling Price: $1,081,328

List to Sell Percentage: 93%

Average Days on Market: 166

Sold Homes going back: 2 years

Average Selling Price: $996,244

List to Sell Percentage: 93%

Average Days on Market: 179

So…….Home prices using 195 “average” numbers have gone up 9% …..similar unit sales, price negotiation an days on the market.

In conclusion, I believe we are in a stable market. If you are selling pay attention to your listing price. In today’s world, both the buyer and seller share the same information.